Form 4: Verint Systems Inc. Officer Elan Moriah Reports Stock Sales to Cover Tax Obligations

Elan Moriah, President of Verint Systems Inc., sold shares of common stock on June 18, 2024, to satisfy tax withholding obligations related to stock bonus and RSU vesting.

Summary

• Elan Moriah, President of Verint Systems Inc., reported the sale of company stock on June 18, 2024.
• The sales were executed to cover tax withholding requirements arising from the issuance of shares through the Stock Bonus Program and the vesting of Restricted Stock Units (RSUs).
• A total of 2,320 shares were sold at a weighted average price of $35.04 to cover taxes related to the Stock Bonus Program.
• An additional 2,634 shares were sold at a weighted average price of $35.04 to cover taxes related to the vesting of RSUs.
• Following these transactions, Moriah directly owns 146,411 shares of Verint Systems Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales for tax purposes, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price due to increased selling pressure.

Key Dates